A difference in financial philosophy has put a couple at odds. One spouse views a reverse mortgage as a predatory "scam," ...
Reverse mortgages can unlock big financial flexibility, but some options may work better than others right now.
Against this backdrop, reverse mortgages are having a moment. Applications have been climbing as more senior homeowners ...
While most reverse mortgage borrowers don't make regular payments, you're not actually required to wait until a triggering ...
A former loan officer received an 18-month sentence for his role in a reverse mortgage fraud scheme. Discover the details ...
Cynthia Wallace, an accomplice of the notorious reverse mortgage con man Mark Diamond, was sentenced to nearly four years in ...
One option for people in such situations is to take out a reverse mortgage, which lets them draw on their home equity while ...
Nadine Higgins is the host of NZME's personal finance podcast The Prosperity Project and a financial adviser at enableMe. She ...
An appeals court ruled that HEIs are reverse mortgages under Washington state law, impacting Unison and similar providers.
Many retirees are turning to reverse mortgages to help pay the bills on a fixed income. Discover how long the loan lasts, and ...
The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers both FHA-backed Home Equity Conversion Mortgages (HECMs) and a proprietary ...
"I think a real good rule of thumb is don't touch the equity in your home unless you need it. And if you are 62+ and you are limited on income, we need to create income to offset Social Security.